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Bond Yields Rise, Futures Prices Slump
Hawkish comments from Fed officials last week and stronger-than-expected manufacturing and employment reports signaled a vibrant U.S. economy, easing pressure on the Fed to cut rates quickly. The major Wall Street stock indexes posted weekly losses on Friday as traders scaled back their expectations for a June rate cut by the Fed. Investors will be watching for comments from Chicago Fed matron Austan Goolsbee and Minneapolis Fed matron Neel Kashkari later.
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